Kate Fitzgerald is an Arizona-based senior editor for PaymentsSource. Fitzgerald began her journalism career at the San Diego Tribune, and has worked as a reporter and editor at several other publications, including Advertising Age and the Arizona Republic. She covered payments for SourceMedia from 2007 to 2012, and rejoined PaymentsSource in 2015. Fitzgerald is a graduate of Lewis & Clark College and holds a master’s degree from Northwestern University’s Medill School of Journalism.
Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough. And debit is filling the void.
Passwords are widely distrusted for verifying identity and have been blamed for more than 80% of data breaches, but with biometrics and other approaches not yet ready for broad adoption, many innovators are rushing in to fill the gap.
The simple act of moving money can have a big impact on any political movement, so banks and payment networks are often caught up in issues of national importance. Here are some recent instances where payments and politics came head-to-head.